Sunday, June 21, 2015


Keybot the Quant remains long to begin the new week of trading. The bulls need higher utilities and lower volatility to keep the stock market party moving to the upside. The bears need lower financials to begin growling and turn the tables on the bulls. Bulls need either UTIL above 572.92 (now at 569.68) and/or VIX below 13.90 (now at 13.96). Bears need XLF below 24.54 (now at 24.74). If XLF loses the 24.54 level, and the SPX is under 2109, and both remain under, Keybot will likely flip short.

For the SPX starting at 2110, the bulls need to touch the 2122 handle to launch an immediate strong move to 2130. The bears need to push under 2109, only one point lower, to accelerate a downside move for the stock market. Watch the S&P futures to see if the bears can muster up one negative point, or not. A move through 2110-2121 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning. Watch VIX 13.90 closely since price is only six pennies away in the bear camp. Bulls win big if VIX moves below 13.90 while bears win big if volatility climbs higher.

6/28/15; 7:00 PM EST =
6/26/15; 10:00 AM EST =
6/21/15; 7:00 PM EST = +19; signal line is +8
6/19/15; 3:59 PM EST = +19; signal line is +7

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